Snowflake Inc. <SNOW.K>: Profits of 11 cents announced for third quarter

Published on November 30, 2022 04:00 PM PST

Snowflake Inc. <SNOW.K>: Profits of 11 cents announced for third quarter — Image source: ©2022 Kalkine Media®

1 December 2022 12:00 a.m. All figures in US dollars. The profits announced by Snowflake Inc. in the third quarter were higher than the Refinitiv mean estimate of profits. The company reported profits of 11 cents per share, 7 cents higher than the same quarter last year when the company reported EPS of 4 cents. Profits of 4 cents per share were anticipated by the thirty analysts providing estimates for the quarter. Wall Street expected results to range from -1 cents to 11 cents per share, with a forecasted mean of 4 cents per share. The company reported revenue of $557.03 million, which is higher than the estimated $539.1 million. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the it services & consulting peer group is also "Buy". FORECAST CHANGES * Thirty two analysts are currently providing Refinitiv with estimates. * In the last week there have been no positive earnings revisions and one analyst has revised an earnings estimate downward. There was a gain of three new estimates. YEAR OVER YEAR * The company reported an increase in revenue to $557.03 million from $334.44 million in the same quarter last year. * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jul. 31 2022 -0.01 -0.08 Missed Apr. 30 2022 0.01 0.08 Beat Jan. 31 2022 0.03 0.12 Beat Oct. 31 2021 -0.06 0.04 Beat This summary was machine generated from Refinitiv data December 1 at 12:00 a.m.

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